Question

This year, a small business had a total revenue of $33500 . If this is 33% less than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

Step-by-step explanation

From the statement, we know that:

• the total revenue for this year is $33500,

,

• this revenue is 33% less than the total revenue of the previous year ,x,.

Using these data, we can write the following equation:

`\begin{gathered} \text{ revenue this year }=\text{ revenue last year - 33\% revenue last year}, \\ \text{\$33500}=x-0.33\cdot x, \\ \text{\$33500}=0.67\cdot x, \\ x=\frac{\text{\$33500}}{0.67}=\text{\$50000.} \end{gathered}`

The total revenue of the previous year was $50000.

Answer

$50000